|
Downward Revisions in ECB's Staff Projections for Euro Zone GDP, CPI |
|
|
|
European Economy |
Written by CEP News |
Sep 04 08 13:54 GMT |
|
|
(CEP News) Frankfurt - Downward revisions were seen in the European Central Bank's staff projections for both GDP and CPI growth within the euro zone, ECB President Jean-Claude Trichet said during his monthly press conference.
According to the projections, the euro zone economy will grow at an average rate of between 1.1% and 1.7% this year, before rising to a growth rate of between 1.6% and 1.8% in 2009. Staff projections were also revised down to show HICP growth in the monetary union averaging between 3.4% and 3.6% in 2008 before slowing to between 2.3% and 2.9% for the following year. By Todd Wailoo,
This email address is being protected from spam bots, you need Javascript enabled to view it
, edited by Stephen Huebl,
This email address is being protected from spam bots, you need Javascript enabled to view it
CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News. A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer. |
